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them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bott of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increes ] man: a few ihes of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an age, call the number that appears on your screen. neil: did you take a look caterpillar stock today? jpmorgan downgraded, cut the price target was widely considered a global economic bellwether in part, not hol but in part because of concern over the ongoing energy policies, which it whole bunch of them think will be hurtfuto the s. interest levels with energy interests. not at all surprised by this development? >> no, really not. i find it ironic in the headlines we see we cld be energy independent by 2020, at the same time caterpillar is
the ongoing energy policies, which it whole bunch of them think will be hurtful to the u.s. interest levels with energy interests. not at all surprised by this development? >> no, really not. i find it ironic in the headlines we see we could be energy independent by 2020, at the same time caterpillar is being downgraded because of energy concerns. it seems this administration can't get out of its own way. i don't know whether i should laugh or cry when i see these things. neil: we don't know what they're whining about, we are big into for acting, franken is at a record high. they're getting fossil fuels a record high, read the details on what is on private land versus public land, but they say there's a policy of building results. you say what? speak wit>> if it is a misrepre. said the gas prices would have to go up to push forward green energy agenda. said cars are going to be twice the efficiency buying half as much gas but offered no real installation. neil: mitt romney got a bad rap on his campaign, making energy such a prominent feature. if we get our energy act together, if we became
-seltzer on facebook. ♪ >> we thought we'd bring you some good news this week. the international energy agency reported monday that the the u.s. is likely to surpass saudi arabia as the world's largest oil producer as early as 20/20 and predicts that the u.s. will increase production to 11.1 million barrels a day by 2020, up to about 6.9 million barrels in 2008. that is if the obama administration allows it. so, steve, you've been out to the shale in north dakota where it's coming from, and fracking so-called, and drilling and private risk taking. what does it mean for the u.s. energy markets? >> well, this is such a great, great pro american stir and by the way, paul, it's not just oil, it's also natural gas. >> paul: right, sure. >> my goodness we have more natural gas than the rest of the world combined and it's driven by the technological improvements and a five or ten year technological lead than the countries we're competing with. it's interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. >> pa
flynn. >> i know. that is the official start of winter for an energy trader. winter really doesn't start until we start taking gas out of storage and that happened. another thank that happened earlier than a lot of people thought it would, not only because the weather has been a little bit colder but also because of the increased demand in the northeast, replacing some of that nuclear power plant demand that was shut down during the storm. so better than expected demand. the first withdraw of the season of the get your coat out. winter's here. melissa: uh-oh. gold prices reflecting slumping third quarter. i don't know, i think gold is going higher here. i think this is opportunity. >> i like the way you thing. george soros and others jumping into gold like crazy. gold was holding in there on increased concerns about the gaza strip. it really seemed to break when the fed's jeff lacker, mr. lacker came out and said if they get a deal on fiscal cliff we'll see 3% growth. i don't know what it was about the headline but as soon as it hit the wire gold broke hard. they're looking at concerns a
-- testily need -- desperately need for clean energy that will protect the planet. host: how does it work as a tax and how is it calculated? guest: day carbon tax is populated on the carbon content of the fossil fuel. coal is going to be taxed the most. natural gas the least an oil somewhere in the middle. renewables would not be taxed at all because they have no carbon in them. anything that is made with fossil fuels is one to become more expensive. that may seem like a negative, it is actually a positive. we need that pricing to bring away from transition t fossil fuel and away from 30 energy. it will make the economy more efficient and the tax -- to bring about the transition away from fossil fuel and away from dirty energy. the talk in washington in the past few weeks has been about a carbon tax of $20 per ton of carbon dioxide. that is hard to translate. it would be maybe half a cent a kilowatts in electricity and 18 cents a gallon more in the price of gasoline. that will bring about $100 million more a year in revenue. you could reform the tax code to make it more fair, more efficie
and at least two more in the senate minority. what the party needs to do to 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the party calling for change. what can republicans do to regroup for 2014 and beyond. jason, a wonderful time of the the season, called recrimination. (laughter) >> otherwise known to journalists as shooting the wounded, which is our specialty, so, what, how much trouble is the republican party in? >> they're in a lot of trouble, the coalition needs to expand. it's that simple. there are democrats, the trends in this country, the g.o.p. has to wake up to, and adjust accordin
, and fracking so-called, and drilling and private risk taking. what does it mean for the u.s. energy markets? >> well, this is such a great, great pro american stir and by the way, paul, it's not just oil, it's also natural gas. >> paul: right, sure. >> my goodness we have more natural gas than the rest of the world combined and it's driven by the technological improvements and a five or ten year technological lead than the countries we're competing with. it's interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. >> paul: the electric car industry, steve? (laughter) >> no, not that one. oil and gas and the thing that's so amazing, the president is doing almost everything he can to try to hold this back with regulations and with not allowi allowing permitting most of the oil and gas development is going out on private land and where the president has to get with the program because we could literally create millions more jobs if we get this story right. >> paul: jim, the consequences here economica
violence of course. we have great guests on the show, including public citizen energy director and edward isaac dovere. but i guess the real important story is that mc hammer came out and sang [ inaudible ] at the american music festival. >> is that what happened? >> john: yes. >> i can't wait to tell my grandchildren that this one-hit wonder cy went on with mc hammer. >> john: yes, cy came -- >> deep it going dan. ♪ >> john: cy came out and lip sinked. he is playing the studio version, and then mc hammer comes out and [ inaudible ] his third biggest hit -- >> this sounds like a train wreck. >> john: if you listen very very closely to this you can hear the founding fathers weep. and we'll be talking about david petraeus. because there is now a backlash of people saying why should he have to resign? the obvious answer is because he is the biggest spy in america and spies get fired for less. but what do you think? if america needs him running the cia, if he can do for america what he did for afghanistan, why would you want him leaving? >> yeah. >> john: please feel free
in general. if you want to understand what the oil market has been this year and energy market in general, two key relationships. the first is between wti and brent. we have seen that thread work out to all-time highs. i believe right now december on december, is about $23. meaning the price of brent is $23 higher than price of wti. that can be explained by what came out of the report today. there's a shift taking place. obviously supply in the united states is at highs. and cheap oil in general is a very bullish thing for commodities. where cheap oil begins to become a problem like in 08 is if it's associated with weak economic growth. we need to keep that balance very close and watch that as we head throughout the week here. cheryl: john, one thing i will say as a caveat there is that the weather, which is always unpredictable looking like it is going to be a really rough winter, heating oil, things like that, are you making bets in those markets now? >> you know, it is funny because if you look at hurricane sandy and what it's done, i think short-term heating oil, reformulated gasoline
about energy policy. but, ed, mainly day care about people who know how to get things done. it's no different than anything you've been hearing all across the country. the american public is tired of the partisan bickering, they are tired of all of the back and forth. they want solutions to these problems. and that's our job. and i think they thought i'd deliver the solutions. >> okay, solution. tax cuts. would you go for getting rid of the bush tax cuts and taxing the top 2%, just what the president said today. can you go along with that? >> you know, we've been talking a lot, and you know me, i've spent a fair amount of my political life and my public life working in the tax area. my big concern is the difference between earned and unearned income. and i say this every time. i say, the bob cat worker in north dakota pays a higher tax rate than paris hilton, because she doesn't earn her income. she just lets her money make her money. and we need to figure out a way to equalize those rates. maybe not make them identical, but to equalize them. because this tax structure, when mi
dialogue to the problems we have in terms of energy and our energy sources. the president, yesterday, said he was going to be talking with people but i guess in terms of moving the ball forward on all things green, all things relating to the environment and our energy policy how optimistic are you that we're going to find a solution to this in the coming years, which is to say the next four? >> you know, in hearing the president speak and reading -- it's i guess confused as an observer and i love listening to you but trying to parse out what it means because what it goes back to for me, in the election, when politicians were separating ow the economy from birth control i was like, no, it's the same. when we hear, we have to see what's economically sound, and when we talk about climate change and energy, didn't i just hear, and don't we think the future is green jobs and what that means? so kind of stepping back, makes me feel frustrated because i feel like isn't that the direction we need to be going in and how do we convince americans that, yeah, you know what, prices at pump have to go u
energy will help you go. ♪ ♪ so buy a bottle of pink lemonade a and ♪ ♪ you can help fight breast cancer today. ♪ [ female announcer ] se people like to pretend a flood could ner happen to them. and that their homeowners insurance protects the [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. neil: whatevers case, rumors ju to try to help out in some storm-affected areas. no can do unless you sign up and join the union, even on a temporary basis. florida -- association director, you would know better than anyone, if that is so. because, a lot of workers have talked to fox and others saying they are ready to help, and they have toe part of thenion in order to help is, this true? >> first, i want to say our hearts go out to eveone impacted. what hapned is that. i work for a group of u utilitis called to assist the long island power authority, and i called over to the long island power authority we made arrangement for tnsfer of crews, but they said at end of the caution, before we do this call to the
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flat and as we always say time is money so here is 30 seconds worth of that, those 5 our energy drinks mentioned in 13 deaths reported in the last four years, with these avoid these drinks. where should you put your money? gold, treasuries, risk involved in all of them. the very rich are buying art. we have someone from christie's auction house coming today. more than a million people collect social security disability for mood disorders. private investigator, will be here but even he cannot prove mental illness, can he? we will see. e-mail us at varney@foxbusiness.com. it is friday morning, we have seven early movers, it is not just dull, but marvel profit down, profit was declining, weaker pc demand on the same boat but that stock is dead flat. better than expected apple telecom equipmentmaker, is down, the clothing retailer gap raise profit outlook, really doing well up 3%, 85% on the year. why the loss, weaker sales at sears, stock is down $5, 5%. the chinese internet company n sinar david disappointing outlook ended down 10%. and offered to buy shift nutrition and that could sh
gas leak. a spoix man for citizens energy reported no one called in smelling gas ahead of the explosion. that doesn't rule out a gas leak. no one smelled it at the time. explosion. a bomb has been ruled out and a possibility that a meth lab exploded. that possibility has been ruled out. that cause very much a mystery, jenna. jenna: any warning at all this was about to takes place? >> it happened in an instant. people were going about their business doing what you would do on a saturday night. at at once the explosion happened, turned the neighborhood into a fireball. shook homes as far as three miles away. left behind charred earth, splintered wood, broken glass. 200 people are out of their homes. 31 homes looks like they will be taken right down to the ground. two people killed by the force of this blast, it all happened without warning. it happened in an instant, jenna. jenna: so odd and scary. hopefully we get answers on this. mike, thank you. >> you got it. rick: when we come back a new concern for women who are pregnant who could develop the flu. how it could impac
. one issue we need to face it is resource costs and energy prices, but that is not being driven by global use of the moment. it is being driven by other factors. i am not optimistic about the long-term potential growth. but is there a trade-off between what we should do to protect our elderly population and to provide adequate medical care to the whole population, and what we should do to protect our infrastructure and address energy and climate issues? no. we are underperforming on both fronts. >> it is not a budget trade- offs. as long as we think revenues can only be this high, there is a trade-off among those priorities. we have to accept having higher revenues to pay for the things we want. the softens that trade-off. impediments are not a drain on real resources. -- entitlements are not a drain on resources. they are a transfer. when we are at full capacity, we have a trade-off. the issue is, we think taxes should only be here. that was probably too low leading up to now. it is certainly too low going forward. >> your point about capital versus operating expenses -- i was
on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> right. >> capital exists. >> will the capital be spent? i want to go back. i want to backtrack because i know you are so good at this. with you l the capital be -- so far it has been invested. is that fair? >> it has been invested on private lands, private property owners giving up mineral rights under state permits but something is about to change. that everybody needs to be mindful of. w
: there also was criticism of knee newable energy projects. >> reporter: that's right. they say that is important but that the department of energy, not the pentagon ought to lead these efforts. he criticized the pentagon for buying chevy volts which he says cost too much to produce and are tw too expensive to buy. consumers show little interest. each car at $40,000 each could supply an entire platoon with brand-new rifles. jon. >> steve centanni thank you. jenna: a doogie howzer got away with working in a hospital for weeks and nobody figure eud out. hearings underway in the benghazi terror attack. what it could mean for the taout of the president's cabinet. senator john cornyn r-r joins us next.and see for yourself. are you receiving a payout from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. @ if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent resear
the eastern see board. upper level piece of energy coming through and that's going to bring us clouds. partly to mostly cloudy this afternoon. 50 today. we're going to warm it up for the weekend. highs in the mid 50s. and the big change from yesterday, rain out of the sunday afternoon forecast. red skin game. no rain sunday afternoon. maybe a few showers monday. >> dc united plays sunday? >> yeah. i think against houston. >> at rfk? >> yes. >> very cool. >> double-check that time. >> very good. thanks. >> head on over to julie. on time traffic. >> you know, i always see about doing the high dive and cannonball into the pool the first day of summer. wonder if he's going to do that in that pool of wine. >> no, no, no. >> better chance of getting you into the pool in montgomery village than i do that right? >> yeah. >> next summer. we have our hands full. coming out of austin hill. this is where we have the accident activity. only one left lane is able to get by. folks coming off of the inner loop costing almost 20 minutes. on the south side of town, northbound 395 delays leaving the beltway.
out now that blackout energy, this is an oil and gas company based in houston, texas, confirming to fox that an explosion did happen on the company's rig in the gulf of mexico. the black elk is investigating the cause of a fire but would not confirm any details on the location, time of the explosion or any fatalities that may have occurred. the company working with the u.s. coast guard to put the fire out and find out more information. more information will come out this afternoon at 3:00 central time but this was off of the southern coast of louisiana. meantime jamie dimon has company working with the government on a settlement over how they manage mortgage-backed securities. charlie gasparino will bring you the latest. does the twinkie go bye-bye? and the ding dong? don't forget yodels? is it over or not? dennis kneale is here to tell you what happened to those important recipes. take a look at the treasury market and bob was talking about prices were up and meals down again today. would you buy a rush to save the? are these save? not so fast but that is where the tenure is rig
altima. ♪ now get a $199 per month lease on a 2013 nissan altima. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> i was told never to beat him. keep up with him, it's a rite of passage. he's a guy, you're a girl, and he's a legend, and i'm a soccer room. in retrospec
it incredibly cynical fashion, there's a little less energy behind the kind of conspiracy mongering except for john mccain ym who is in it until the end. >> but then today, the reason this was an important question today, today the talking points given to susan rice after the benghazi attack, those talking points were published. and if those talking points are what she was given to say, she hued essentially exactly to what she was briefed to say by the intelligence agency. so on the matter of her and whether she's the architect of the great coverup and can't be secretary of state and all these other thing, i thought today that settled it. >> it did, but i also think -- i guess i was to distinguish between two trends that happen in the republican party. there's this conspiracy mongering and this believing your own ridiculousness that happens. dick morris was calling into that agenda 21 briefing. that's a fairly prominent person in the american right these days. so there's that at one end. then there's the nihilistic obstruction. and the war on susan rice seems to be more in that latter cate
: and wind power. how they want the federal government to blow new light into the alternative energy source. dennis: his other world currencies are faring against the u.s. dollar. [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >> 21 minutes past the hour, hello, everybody. this is your fox news tha fox n. palestinian witnesses said israeli airstrikes have struck several targets in benghazi city. following that attack that killed the chief of staff and top military commander. israeli assault cease-fire for the past 24 hours along the israel border. and taking a 54 congressional committee today. refusing to answer questions from the committee. the tainted
's in your wallet? but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues
to be the world's top oil producer in eight years and completely energy independent in less than 20, at least according to one report. many are now asking, why not sooner? liz macdonald has the details from the fox business network. liz? >> yeah, that was a stunning reversal of what the international energy agency said a year ago, jenna. that basically saudi arabia and russia would vie for the number one spot but now it looks like it will be the u.s. although the report does warn, listen the oil and gas boom in the united states is still in its infancy but u.s. crude oil production is up 14%. now there are moves afoot to basically stop the development of the u.s. oil and gas industry. number one, this is what the oil industry is talking about. that basically the interior department is moving to shut 1.6 million acres in the west to oil shale development. it would leave open 677,000 acres open in colorado, utah and wyoming to oil shale development and another 130,000 acres to tar sands development in utah but there will be, separate from there, there is going to be a protest at the white house
energy was spent on health care and other things coming into the question is do you see that -- how do you strike that balance and do you see that changing as you go forward into the next four years? >> to complicate your questions about what the balance in the short term and the immediate and long-term things that matter for the strength of the economy and i think it's important to recognize that as we get to the next phase of the fiscal reform debate you have to think about this not just about how you bring them down gradually to the point they are sustainable you to think about it in terms of what can you do to improve the long-term growth in the american economy? there are things we have to do in infrastructure and education just to name to that are important to the potential of the country and are not very expensive. if we sacrifice those objectives in the interest of getting more fiscal restraint more quickly than is desirable would do damage across the country, so i would just encourage people to look at -- we want to look at things that are good for growth now and over the long
is staying put. fred upton the chairman of the energy and commerce committee where a lot of health care and energy policy go through. the committee of jurisdiction there will be staying for another two years. and ways and -- any type of entitlement stuff. dave camp. he is not going anywhere either. where we are go to see significant committees where there will be turnover is the judiciary committee. he is term limited. he will make a bid for the science committee. he will find himself in competition. ralph hall, the chairman now is term limited. also the transportation and infrastructure committee. there are a few people who happen to have seniority but either have committee assignments or not looked upon as viable. we are passing the baton to a new generation. bill schuster is making a very strong play for the chairmanship of that. that will be just in time for congress to start to think about another reauthorization of the transportation programs, the highway bill, if you will. there is a short-term extension. they will need to revisit that in the 113th congress and representative sh
in place pro-growth policies and energy and healthcare and the regulatory policy. then address the spending. the spending that has to be addressed is medicare, medicaid and snore we'll get to spend -- >> chris: we'll get to spending in a second. boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the deduction, limit credits. formula for a solution. >> real solution. >> chris: senator corker, you have a draft plan you have been circulating to a number of members in the senate. is there a deal here? >> i think there is a deal. the ying and yang of this is we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that is not willing
" on msnbc. g dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. >>> labor unions came out in force for president obama and they are teaming up to spread the president's plan to avoid the fiscal cliff. the steel workers join me next. >>> the right wing freaks out over the resignation of david petraeus. we'll show you the latest conspiracy theories about the timing of the general's resignation. >>> and a pizza chain says president obama's health care law is going to cost his customers and his employees. sam stein man will break it down ton
is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's a
. you're watching "the ed show" on msnbc. g dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. a great clean doesn't have to take longer. i'm done. i'm gonna read one of these. i'm gonna read one of these! [ female announcer ] unlike sprays and dust rags, swiffer 360 duster's extender gets into hard-to-reach places without the hassle. so you can get unbelievable dust pickup in less time without missing a thing. i love that book. can you believe the twin did it? ♪ swiffer. great clean in less time. or your money back. >>> labor unions came
. the international atomic energy agency reporting friday about the finalization of the facility at koom. demonstrating the sanctions europe and the united states talked about, the iranians are proceeding in a successful pace toward getting nuclear weapons capability. they're arming the terrorists hamas and hezbollah so the iran influence continues to grow. europe and the united states focus their criticism on israel. >> thank you very much this morning. especially in paris. >> thank you, eric. >> thank you, embassador. new developments right now in negotiations over the so-called fiscal cliff which is coming. it will bring looming tax hikes and spending cuts that threaten to plunge u.s. economy back into recession. republicans are showing a willingness to raise new revenues but reports that democrats are taking a harder line on entitlement reforms. joining, bob accuse -- >> what's the best case scenario from the meetings the president is attending with congressional leaders and what's the worst case scenario? >> best case scenario is they reach a deal pretty calmly within the next coupl
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